On August 12, TeraWulf Inc. rose 8.66% in regular trading, trading at $17.635/share, with turnover of $109 million. The stock extended its technical recovery from oversold levels following a catastrophic Q2 earnings miss.
The company reported Q2 EPS of -$1.94, missing the analyst consensus estimate of -$0.22 by a wide margin, which triggered a sharp sell-off in prior sessions. After rebounding 5.74% on August 11 and gaining 5.55% in pre-market on August 12, the recovery momentum carried into regular trading. Sector tailwinds provided additional support, with peer IREN rising 7.9% and Riot Platforms gaining 3.01% on the same day.
On the valuation front, B. Riley recently raised its price target to $40 from $32 while maintaining a Buy rating, and the FactSet consensus target stands at $38.26, representing over 100% upside from current levels. The company also secured a 20-year lease agreement with Anthropic for its Kentucky data center, expected to generate approximately $19 billion in contract revenue over the lease term.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)